Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1887-01-06
ON WALL STREET.
The Active Stock List Records an Ad.
Yance-The Closing Prices Near
the Best Of the Day.
Yesterday the Last Day for the Payment OF
the First Instalimsnt on Texas and
Pacific Trust Certificates.
COMMERCIAL RESUME.

Special to the Gazette.
NEW YORK, Jan. Railway bonds
to-day sold as follows: Fort Worth and
Denver City at S94; Texas and Pacific ia
comes ct 60; Rios at I31; certificates al
l04; Houston and Texas Central rs at
10; st. Louis, Arkansas and Texas al
994 Kansas and Texas SIS at at 90t.
Governments steady.
Money at 5@6 per cent.
Sterling tirmer.
" Wheat fraction of g cent lower.
Cotton declined . points.
OIL excited and lower.
Coffee tended upwards.
Texas aud Pacific trust was active and
higher on statements from the Farmers
Loan and Trust Company that the ASSESS
ment due to-day was being rapidly paid
by the stockholders. This Is the last
day for the payment OF the II st install
ment OF $500 8 share on the Texas and Pa
citic trust certificates, and the money has
been coming in freely. The next will
f7ll due the 10Th OF February. The CON-
mittee has no intention OF making a third
call at present. The proceeds of the
first ill suffice to take up half million
of the receivers certificates running at
6 per cent. SO that the interest will cease.
The receivers will not need any more
funds until spring. So far they
have purchased 10000 tons of
steel rails. The Middle division
will be entirely in steel by March. The
earnings this year will be about
$3.50 600, 4 gain of 81 100000. 1t is
not easy to get at the gam in net. as the
receivers have not yes cleared up their
Improvement account, but it should be
over 100000. The Drake committee
are considering their course Of action as
representatives of the income bond
holders, but have, as yet, formulated no
plan. Probably they will seek COM
promise.
GOVERNMENTS, STOCKS AND BONDS.
NEW YORK, Jan. 5.-Government bonds
dull and steady.
Stocks exhibited marked contrast to
that Of yesterday, being dull but firm to
strong nearly the tire day. Prices did
not succeed, however, IN reaching Mon
days figures, though a large proportion
of the losses of yesterday were regained.
London, in the early morning was q con-
spicuous seller, but the movement
lasted for the first few minutes
only, when that interest became
tuoyant. Room traders followed, cover
ing short contracts extensively. Union
Pacific and Western Union were the only
active stocks calling for special mention
and though the latter exhibited consider
able weakness early in the day it later re-
covered the losses. The opening was
weak, s@sc lower than last evenings
final figures. The market was ex
trem' ly active in the early dealings.
Further slight declines were made, but
the market quickly rallied. Prices re-
mained firm to strong and the market be-
came dull and featureless until the last
hour, when e movement on Wabash &C.
Cured and the general market yielded
small fractions, but finally closed barely
steady near the best prices of the day
Almost everything on the ective list
shows on advance, although there are
few declines of small fractions only
'rfolk and Western preferred gained
Ii, Nickel Plate, preferred, II, Hucking
Valley II, R aiding and Louisville and.
Nashville each l. The Texas and Pacific
stock assessment just psid was sold on
the board to-day for the first time.
Railroad bonds were quiet. There
was little feature to trading except Lake
Erie and Western incomes, which rose
a to 494 upon sales of $50 900, and TIL
unusual activity in Milwaukee, Lake
Shore and Western, Michigan division
trsts, which finally closed unchanged
after sales of $40, 900.